Fair Oaks Income (LON:FA17) Trading Down 2.6%

Shares of Fair Oaks Income Limited (LON:FA17 – Get Rating) were down 2.6% during mid-day trading on Thursday . The company traded as low as GBX 0.56 ($0.01) and last traded at GBX 0.56 ($0.01). Approximately 10,765 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 23,474 shares. The stock had previously closed at GBX 0.58 ($0.01).

Fair Oaks Income Stock Down 2.6 %

The company has a market cap of £311,248.00 and a PE ratio of -4.31. The stock has a 50-day moving average of GBX 0.56 and a 200-day moving average of GBX 0.58.

Fair Oaks Income Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a yield of 3.48%. Fair Oaks Income’s payout ratio is -6,153.85%.

About Fair Oaks Income

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Fair Oaks Income Limited is a feeder fund launched and managed by Fair Oaks Capital Limited. The fund invests its entire corpus in FOIF II LP and FOMC III LP. Fair Oaks Income Limited was formed on March 7, 2014 and is domiciled in the Channel Islands.